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The most recent financial statements for Live Co. are shown here: Income Statement Sales $16,731 Costs $10,495 Taxable Income ? Taxes (40%) ? Net Income
The most recent financial statements for Live Co. are shown here:
Income Statement | |
Sales | $16,731 |
Costs | $10,495 |
Taxable Income | ? |
Taxes (40%) | ? |
Net Income | ? |
Balance Sheet | |||
Current Asset | $11,933 | Debt | $13,798 |
Fixed Asset | $27,114 | Equity | ? |
Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 19 percent dividend payout ratio. No external financing is possible.
What is the sustainable growth rate (in %)?
(Enter your answer as a percentage, omit the "%" sign in your response, and round your answer to 2 decimal places. For example, 1.23456% should be entered as 1.23)
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